The Exploration of Microeconomics, International Edition

A distinguished professor of economics at Pepperdine University's Seaver College, Robert Sexton is a graduate of California Lutheran College and received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals and is the author of nine books on economics, including his newly released EXPLORING ECONOMICS and Survey of ECON published by South-Western/Cengage Learning. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Professor Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.

Part I: INTRODUCTION.
1. The Role and Method of Economics.
Appendix: Working With Graphs.
2. The Economic Way of Thinking.
3. Scarcity and the Economizing Problem.
Part II: SUPPLY AND DEMAND.
4. Supply and Demand.
5. Bringing Supply and Demand Together.
6. Elasticities.
Part III: MARKET EFFCIENCY, MARKET FAILURE AND THE PUBLIC SECTOR.
7. Market Efficiency and Welfare.
8. Market Failure.
9. Public Sector and Public Choice.
Part IV: HOUSEHOLDS AND MARKET STRUCTURE.
10. Consumer's Choice.
Appendix: Indifference Curve Analysis.
11. The Firm: Production and Costs.
12. Firms in Perfectly Competitive Markets.
13. Monopoly and Antitrust.
14. Monopolistic Competition and Product Differentiation.
15. Oligopoly and Strategic Behavior.
Part V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES.
16. The Markets for Labor, Capital and Land.
17. Income and Poverty.
18. The Environment.
19. Health Care.